Southwest Airlines Company (LUV) — Cash Flow Quality Index
Southwest Airlines Company (LUV) has a Cash Flow Quality Index of 6.25x as of March 2026. Operating cash flow of $1.42 Billion exceeds net income of $227.00 Million, indicating high earnings quality where cash backs reported profits. Explore Southwest Airlines Company long-term investment allocation to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Southwest Airlines Company Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for Southwest Airlines Company across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check tangible net worth ratio of Southwest Airlines Company to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Southwest Airlines Company (1989–2025)
Year-by-year earnings quality comparison for Southwest Airlines Company. For live market cap and the full company financial profile, see LUV stock market capitalisation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 4.18x | $1.84 Billion | $441.00 Million | ▲ +320.4% |
| 2024 | 0.99x | $462.00 Million | $465.00 Million | ▼ -85.4% |
| 2023 | 6.80x | $3.16 Billion | $465.00 Million | ▼ -3.2% |
| 2022 | 7.03x | $3.79 Billion | $539.00 Million | ▲ +195.9% |
| 2021 | 2.38x | $2.32 Billion | $977.00 Million | ▲ +37.1% |
| 2019 | 1.73x | $3.99 Billion | $2.30 Billion | ▼ -12.7% |
| 2018 | 1.98x | $4.89 Billion | $2.46 Billion | ▲ +76.2% |
| 2017 | 1.13x | $3.93 Billion | $3.49 Billion | ▼ -41.1% |
| 2016 | 1.91x | $4.29 Billion | $2.24 Billion | ▲ +28.9% |
| 2015 | 1.48x | $3.24 Billion | $2.18 Billion | ▼ -41.9% |
| 2014 | 2.55x | $2.90 Billion | $1.14 Billion | ▼ -22.6% |
| 2013 | 3.30x | $2.49 Billion | $754.00 Million | ▼ -32.6% |
| 2012 | 4.90x | $2.06 Billion | $421.00 Million | ▼ -37.0% |
| 2011 | 7.78x | $1.39 Billion | $178.00 Million | ▲ +128.8% |
| 2010 | 3.40x | $1.56 Billion | $459.00 Million | ▼ -65.8% |
| 2009 | 9.95x | $985.00 Million | $99.00 Million | ▲ +216.4% |
| 2008 | -8.54x | $-1.52 Billion | $178.00 Million | ▼ -293.7% |
| 2007 | 4.41x | $2.85 Billion | $645.00 Million | ▲ +56.5% |
| 2006 | 2.82x | $1.41 Billion | $499.00 Million | ▼ -30.7% |
| 2005 | 4.07x | $2.23 Billion | $548.00 Million | ▲ +10.0% |
| 2004 | 3.70x | $1.16 Billion | $313.00 Million | ▲ +22.3% |
| 2003 | 3.02x | $1.34 Billion | $442.00 Million | ▲ +40.0% |
| 2002 | 2.16x | $520.21 Million | $240.97 Million | ▼ -25.7% |
| 2001 | 2.90x | $1.48 Billion | $511.15 Million | ▲ +34.9% |
| 2000 | 2.15x | $1.30 Billion | $603.09 Million | ▲ +1.9% |
| 1999 | 2.11x | $1.00 Billion | $474.38 Million | ▲ +3.3% |
| 1998 | 2.04x | $886.13 Million | $433.43 Million | ▲ +6.4% |
| 1997 | 1.92x | $610.59 Million | $317.77 Million | ▼ -35.2% |
| 1996 | 2.97x | $615.23 Million | $207.34 Million | ▲ +18.7% |
| 1995 | 2.50x | $456.44 Million | $182.63 Million | ▲ +8.6% |
| 1994 | 2.30x | $412.67 Million | $179.33 Million | ▼ -9.6% |
| 1993 | 2.55x | $392.70 Million | $154.30 Million | ▼ -12.4% |
| 1992 | 2.91x | $264.50 Million | $91.00 Million | ▼ -24.2% |
| 1991 | 3.84x | $103.20 Million | $26.90 Million | ▲ +61.5% |
| 1990 | 2.38x | $111.90 Million | $47.10 Million | ▲ +1.3% |
| 1989 | 2.35x | $168.00 Million | $71.60 Million | — |